Debt Company

A debt company works with consumers to reduce or eliminate debt. The debt company you select will work with your creditors to reduce the debt burden by negotiating with your creditors and reduce your monthly payments and obligations.

Here is some helpful advice while selecting a debt company

Find a handful of debt companies from the yellow pages.
List questions you intend to ask the debt companies.
Call each debt company and seek answers to your questions.
Ask if the debt company has knowledgeable staff and certified debt counselors.
Never rush into signing a contract with a debt company.
If you feel there is high pressure in signing a contract, you are better off elsewhere.
If you have to wait for a considerable long time before you speak to someone at the debt company, you may be better off elsewhere.
Ask if the debt company is a member of the Better Business Bureau.
Always get their fees and other expenses in writing from the debt company. This way there are no surprises later on in the debt game.
Ask what kind of information the debt company reports to the credit bureau.
Ask them how long it will take them to get you out of debt and evaluate for yourself if the time-frame is reasonable. If the debt company promises to get you out of debt in 30-60 days and you know that sounds aggressively, proceed with caution.
Ask if the debt company offers any kind of guarantee. If yes, is the guarantee written.
Ask if the debt company belongs to the local Chamber of Commerce.